Todays Report: Today, Hospitality Properties Trust (HPT) Receives New Coverage from Analysts at Janney Montgomery Scott

Today, Hospitality Properties Trust (HPT) Receives New Coverage from Analysts at Janney Montgomery Scott

Stock analysts at Janney Montgomery Scott started coverage on shares of Hospitality Properties Trust (NYSE:HPT) in a research report issued on Tuesday, The Fly reports. The firm set a “buy” rating on the real estate investment trust’s stock.

HPT has been the subject of several other research reports. Zacks Investment Research lowered shares of Hospitality Properties Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 11th. FBR & Co lowered shares of Hospitality Properties Trust from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $31.00 to $32.00 in a research note on Wednesday, August 10th. They noted that the move was a valuation call. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $33.00 price objective on shares of Hospitality Properties Trust in a research note on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.50.

Hospitality Properties Trust (NYSE:HPT) opened at 29.01 on Tuesday. Hospitality Properties Trust has a one year low of $20.69 and a one year high of $32.32. The stock’s 50 day moving average is $29.40 and its 200 day moving average is $28.46. The firm has a market capitalization of $4.40 billion, a P/E ratio of 34.01 and a beta of 1.11.

Hospitality Properties Trust (NYSE:HPT) last issued its quarterly earnings results on Tuesday, August 9th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.04. The company had revenue of $550.30 million for the quarter, compared to analysts’ expectations of $544 million. During the same quarter in the previous year, the business earned $0.99 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts predict that Hospitality Properties Trust will post $3.60 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Shareholders of record on Friday, October 21st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 7.03%. The ex-dividend date is Wednesday, October 19th. Hospitality Properties Trust’s payout ratio is 196.16%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Hospitality Properties Trust by 4.5% in the second quarter. Vanguard Group Inc. now owns 25,393,260 shares of the real estate investment trust’s stock valued at $731,325,000 after buying an additional 1,104,276 shares during the last quarter. LSV Asset Management increased its position in shares of Hospitality Properties Trust by 2.5% in the second quarter. LSV Asset Management now owns 7,312,775 shares of the real estate investment trust’s stock valued at $210,607,000 after buying an additional 176,015 shares during the last quarter. State Street Corp increased its position in shares of Hospitality Properties Trust by 1.7% in the second quarter. State Street Corp now owns 6,798,423 shares of the real estate investment trust’s stock valued at $195,796,000 after buying an additional 114,517 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Hospitality Properties Trust by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 6,329,825 shares of the real estate investment trust’s stock valued at $168,120,000 after buying an additional 85,267 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Hospitality Properties Trust by 4.0% in the second quarter. BlackRock Fund Advisors now owns 5,927,177 shares of the real estate investment trust’s stock valued at $170,703,000 after buying an additional 229,191 shares during the last quarter.

About Hospitality Properties Trust

Hospitality Properties Trust is a real estate investment trust. The Company owns approximately 300 hotels with over 45,860 rooms or suites, and approximately 190 travel centers. The Company’s segments include hotel investments, travel center investments and corporate. The Company’s properties are located in approximately 50 states in the United States, Canada and Puerto Rico.

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